Hi All, It has been incredibly busy and will be over the next few months, I’ll likely cut the trade update down to once a week. We finally got some downside action in the market this week and the implied volatility temporarily is hurting all the positions. Unfortunately, I did not stick with the plan […]
Blog
04-25-10 Trade Update
Wow, another 1+% move on the RUT on Friday! I was looking at the history of large bull runs and this one, with the exception of last year which will likely be exceeded this week, looks like the biggest point gain ever on RUT in a time period of less than 3 months. Where is […]
04-23-10 AM Trade Update
We’re still crashing up. Sorry for the delayed post, I entered the May method 1 and method 15 trades Tuesday…30 days out and adjusted them both on Wednesday. Also the 55 day trade was adjusted Thursday and now is set up as 2 670/710/750 Put butterflies and if the price continues this relentless up movement […]
4-18-10 Trade Update
April Expiration has passed and it couldn’t be soon enough for me. I ended up expiring the April method 15 trade. The P/L would have been -$800 had I tried to close it on Thursday and I was better off expiring it as long as the settlement number was under RUT=726 and if we gapped […]
4/14/10 Trade Update
Sorry for the sporadic updates, as summer approaches the updates will likely be more on a weekly basis as I will be away from the computer on a regular basis. The market and especially RUT continues to crash up. On the April method 1, I rolled out the call side of the iron butterfly from […]
04-08-10 Trade Update
As I stated earlier, the current conditions for butterfly trading in general are horrible on the RUT right now. When trading in these conditions, you have to expect some losses. The last update I went over how I drew a “line in the sand” so to speak on the April 55 day trade. I decided […]